Alabama
Collateral Recovery Upon Default: Peaceful Repossession Allowed
Redemption of Collateral: After a debtor's default, a secured creditor may sell, lease or otherwise dispose of the collateral in a commercially reasonable manner. Any time before the disposition of the collateral, a debtor may have a right to redeem the collateral through providing full payment of the monies owed and all reasonable expenses incurred by the creditor. The disposition of the collateral may be conducted by public/private sale
Deficiency Requirements: Collectible after public/private sale. Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. A creditor must account to the debtor any surplus, and unless otherwise agreed, the debtor may be liable for any deficiency
State UCC Code: § 7-9A-609-617
Arkansas
Collateral Recovery Upon Default: Peaceful Repossession Allowed
Redemption of Collateral: Debtor can redeem ten days after retaking or after judgment in replevin. The debtor has a right to redeem the collateral by tendering full payment of the obligation owed and all reasonable expenses incurred by the creditor
Deficiency Requirements: The disposition of the collateral may be conducted by public/private sale. Reasonable notice of the time and place of the sale is generally required to be given to other secured creditors and the debtor. A creditor must account to the debtor any surplus, and unless otherwise agreed, the debtor may be liable for any deficiency
State UCC Code: § 4-9-504